Financial Digest

Uniswap [UNI] surpasses SUSHI and CRV on this front

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Uniswap had the highest network penetration among major DEXes on Ethereum. UNI was the most widely held token by top Ethereum whales, at the time of writing. Uniswap [UNI], the largest decentralized exchange (DEX) by trading volume, made promising gains since the start of 2023. In fact, the native token recorded a growth of 44% […]

The analysis also pointed out that despite the entry of more competitors, Uniswap’s network penetration continued to increase and even eclipsed the user growth on Ethereum from July 2020 to July 2021.Uniswap was the preferred automatic market maker after the FTX contagion as users rushed towards DEXes to secure their funds. The start of 2023 saw a sharp increase in the trading activity on the protocol with the volume reaching its peak in February.

However, as regulator uncertainties and liquidity crisis came back to bite the crypto markets, Uniswap too felt the pinch. Since mid-February, the trading volume halved until press time while the daily active users fell by more than 18%, as per Token Terminal.On the total value locked front too, Uniswap faced a decline. In the last seven days, the TVL declined by nearly 10%, which was among the biggest drops among major DEXes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Assessing if Uniswap can fight off the Lido heat in DEX supremacy tussleUniswap may have a solid competitor which has the backing of Lido Finance Although UNI active addresses are around the same zone, development activity is at its peak Uniswap’s [UNI] status as the top Automated Market Maker (AMM) could be at risk after a certain Maverick protocol announced a partnership with Lido Finance [LDO]. Like […]
Source: CryptoAmb - 🏆 22. / 68 Read more »

Will Ethereum Classic repeat recent history and recover from $18 level soonDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The structure was bearish but a significant bounce in prices was a possibility. Short sellers can wait for a revisit to a significant zone before looking to sell ETC. Ethereum Classic saw a large […]
Source: CryptoAmb - 🏆 22. / 68 Read more »